{"id":597545,"date":"2019-07-30T04:14:31","date_gmt":"2019-07-30T04:14:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/30\/uss-ceva-looking-to-invest-usd-2-bn-in-new-capital-medical-complex\/"},"modified":"2019-07-30T04:14:31","modified_gmt":"2019-07-30T04:14:31","slug":"uss-ceva-looking-to-invest-usd-2-bn-in-new-capital-medical-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/30\/uss-ceva-looking-to-invest-usd-2-bn-in-new-capital-medical-complex\/","title":{"rendered":"US\u2019s CEVA looking to invest USD 2 bn in new capital medical complex"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- US\u2019 CEVA looking to invest USD 2 bn in new capital medical complex: <\/b>The US\u2019 CEVA Animal Health<\/a> is expected to sign in September a USD 2 bn agreement with the New Administrative Capital Company for Urban Development (NACCUD) to build a medical complex in the new capital, NACCUD Managing Director Mohamed Abdel Latif told Hapi Journal<\/a>. A source close to the matter confirmed the news to Enterprise, but did not explain how or why a veterinary company is building a medical complex for humans. A final agreement has yet to be reached, but the project could potentially be implemented via a JV with the NACCUD, Abdel Latif said. The education and health ministries have already agreed to collaborate on the project, which will include medical, pharmaceutical and dentistry colleges, he added.<\/p>\n

Another USD 2 bn project in the pipeline: <\/b>NACCUD is also mulling an offer it received in July from Formula Group to set up an international rally venue in the new capital with at least USD 2 bn in investments, Abdel Latif said, adding that a number of related projects to be built in the vicinity are currently being negotiated.<\/p>\n

Other offers are on the table:<\/b> Offers from Egyptian, Emirati, Saudi, British, and Korean investors are also being looked at, Abdel Latif said, adding that some of them will be announced within the coming weeks. An offer from Saudi German Hospital Group to build a 120-feddan medical complex will be decided on in the coming month.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- US\u2019 CEVA looking to invest USD 2 bn in new capital medical complex: The US\u2019 CEVA Animal Health is expected to sign in September a USD 2 bn agreement with the New Administrative Capital Company for Urban Development (NACCUD) to build a medical complex in the new capital, NACCUD Managing Director Mohamed Abdel […]<\/p>\n","protected":false},"author":1,"featured_media":597546,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11189,72,875,2380,117],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-ceva","tag-enterpriseam","tag-new-administrative-capital","tag-speed-round","tag-us","wpautop","entry"],"acf":{"mongo_id":"2ee5c739-d500-41c6-8b9c-dd2efd189986","is_powered_by":true,"section_story_id":"be6e89d9-d4b7-48ed-be74-f7715b341ecd","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/3341.jpg","photo_position":"above","related_issue":[597528],"teaser":"","voice_url":""},"yoast_head":"\nUS\u2019s CEVA looking to invest USD 2 bn in new capital medical complex - 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This would bring the total investments of the company in the past 20\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594983,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/telecom-egypt-to-begin-working-on-egp-40-bn-new-capital-it-network\/","url_meta":{"origin":597545,"position":4},"title":"Telecom Egypt to begin working on EGP 40 bn new capital IT network","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"Telecom Egypt (TE) will begin working on a EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications network in the new administrative capital, cabinet said in a statement. TE will build and operate the city\u2019s tech and digital security infrastructure under an agreement signed between the state-owned\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572864,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/naccud-eases-payment-requirements-for-new-capital-developers\/","url_meta":{"origin":597545,"position":5},"title":"NACCUD eases payment requirements for new capital developers","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"The New Administrative Capital Company for Urban Development (NACCUD) has cut the required downpayment for real estate developers on land in the new administrative capital to 10%, from an initial 20%, Hapi Journal reports, citing unnamed sources from the state-owned company. NACCUD will also be extending loan repayment schemes by\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=597545"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597545\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597546"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597545"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597545"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}